ECON 401 Assignment 4, Version C
Assignment 4 consists of four questions worth a total of 100 possible marks. It
constitutes 10% of your final grade. You should complete and submit this
assignment after you have completed all the learning activities for Unit 4.
Prepare a 300–350-word answer for each question, and submit all four responses in
one Microsoft Word (or compatible) document.
1.
Consider the following statement: “Both economic theory and history suggest
that less-developed countries that open their economies to international
trade and capital flows will grow faster and reduce poverty quicker than those
opting for an import substitution industrialization development strategy.”
Critically evaluate this statement.
2.
What is meant by the term international architecture for integration? Discuss
how the international architecture for integration may be important for
raising the economic prospects for less-developed countries.
3.
What is meant by social contract? What are the three pillars of a social
contract, and why are they important?
4.
What is national sovereignty, and to what extent has it been eroded in our
globalized economy?
ECON 401v6
Assignment 4C
August 2015
